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Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
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Name : |
RAKSHAN EQUIPMENTS |
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Formerly Known
As : |
CLASSIC EQUIPMENTS |
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Registered
Office : |
No.12 C, Kavetty Naidu Layout, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Year of
Establishment : |
2010 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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IEC No.: |
3211004319 |
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TIN No.: |
33561826536 |
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CST No.: |
1019342 C |
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PAN No.: [Permanent Account No.] |
AMDPV1363A |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer, Supply and Export a
comprehensive range of Cooling Towers, Heat Exchangers, Water Softeners and
R. O. Plants. |
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No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Vajravel |
|
Designation : |
Office Staff |
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Contact No.: |
91-8925822314 |
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Date : |
26.04.2012 |
LOCATIONS
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Registered Office/ Factory : |
No.12 C, Kavetty Naidu Layout, 5th Street, Sowripalayam,
Coimbatore – 641028 Tamilnadu, India |
|
Tel. No.: |
91-422-2595812 |
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Mobile No.: |
91-8925822314 (Mr. Vajravel) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
SOLE PROPRIETOR
|
Name : |
Mrs. B. Viajaya Priya |
|
Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Mr. Vajravel |
|
Designation : |
Office Staff |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supply and Export a
Comprehensive Range of Cooling Towers, Heat Exchangers, Water Softeners and
R. O. Plants. |
|
|
|
|
Products : |
· FRP Round Cooling Tower (Bottle Shape) · FRP Square Cooling Tower · Dry Cooling Towers · Wooden Cooling Towers · Cross Flow Cooling Towers · Timber Type Cooling Towers · Structure Cooling Towers · Naturaldraft Cooling Towers · Shell and Tube Heat Exchangers · Plate Type Heat Exchangers · R. O. Plants · Water softeners · Chillers (Oil and water) · D M Plants · Water Treatment Chemicals · All types of Spares |
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Exports : |
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Products : |
· FRP Round Cooling Tower (Bottle Shape) · FRP Square Cooling Tower · Dry Cooling Towers · Wooden Cooling Towers · Cross Flow Cooling Towers · Timber Type Cooling Towers · Structure Cooling Towers · Naturaldraft Cooling Towers · Shell and Tube Heat Exchangers · Plate Type Heat Exchangers · R. O. Plants · Water softeners · Chillers (Oil and water) · D M Plants · Water Treatment Chemicals · All types of Spares |
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Countries : |
· East Asia · South /West Africa · South America · East/ Middle Africa · North Africa · Indian Subcontinent · North America · Guam |
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Terms : |
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Selling : |
L/C and Credit (30 days) |
GENERAL INFORMATION
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No. of Employees : |
45 (Approximately) |
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Bankers : |
· Indian Bank, Coimbatore, Tamilnadu, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
|
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
15.000 |
10.000 |
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The above information has been parted by Mr. Vajravel
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
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Year of Establishment |
Yes |
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Locality of the Firm |
Yes |
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Constitution of the Firm |
Yes |
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Premises details |
No |
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Type of Business |
Yes |
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Line of Business |
Yes |
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Promoter’s Background |
No |
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No. of Employees |
Yes |
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Name of Person Contacted |
Yes |
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Designation of Contact person |
Yes |
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Turnover of Firm for last two years |
No |
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Profitability for last three years |
No |
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Reasons for variation <> 20% |
----- |
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Estimation for coming financial year |
No |
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Capital in the business |
No |
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Details of sister concerns |
No |
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Major Suppliers |
No |
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Major Customers |
No |
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Payments Terms |
Yes |
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Export/ Imports Details (If applicable) |
Yes |
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Market Information |
----- |
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Litigations that the firm/ Promoters Involved in |
----- |
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Banking details |
Yes |
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Banking Facility Details |
No |
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Conduct of the Banking Account |
----- |
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Buyer visit details |
----- |
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Financials, if provided |
Yes |
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Incorporation details is applicable |
No |
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Last Accounts filed at ROC |
No |
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Major Shareholders, if available |
No |
TRADE REFERENCE:
· Voltas India Limited
Shivalik Corporate Park,1413 Trichy Road, Coimbatore – 641018, Tamilnadu, India
· Sakthi Group of Companies
180 Race Course Road, Coimbatore – 641018, Tamilnadu, India
· Elgi Equipments Limited
Elgi Industrial Complex, Singanallur, Trichy Road, Coimbatore – 641005, Tamilnadu, India
ABOUT CONCERN
This is a proprietorship firm. The proprietor
of the firm is Mrs. B. Vijaya Priya. The firm was started in 2010. In fact the
firm was previously known as Classic Equipments. The proprietor then was Mr.
Bhaskar husband of Mrs. Vijaya Priya. In 2010 the ownership was given to Vijaya
Priya and the name changed to Rakshan Equipments.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.